China Has a New Super App

Meituan-Dianping, the world’s fourth-largest startup by valuation, is hardly known outside its native China. But Chinese consumers rely on it for everything from ordering lunch at the office to booking an overseas vacation. With 290 million monthly active users, it has reached a scale that sets it on a path to challenge larger rivals such as Alibaba, China’s e-commerce juggernaut.

Meituan says it expects revenue to hit $5 billion this year, double the level of 2016, and to break even as a group, details which haven’t been reported previously. Now as Meituan embarks upon an aggressive expansion plan into areas such as ride-hailing, vacation rentals and software for small businesses, it stands to reap rich rewards. But there is the risk that Meituan is taking on too much by pitting itself against deep-pocketed rivals in nearly every sector that it is moving into.

No subscription? You’re missing out.
Join the high-powered community of tech and business leaders who rely on The Information’s original news and in-depth reporting.
Subscribe to read the remaining 1502 words of this article.
What’s included in a subscription?
Read The Information’s original, in-depth reporting and analysis
Receive as-they-happen articles via email
Talk with award-winning reporters in subscriber-only conference calls
Join the conversation on our subscriber-only Slack channel
Attend intimate, high-powered events with leaders in tech and business
Subscribe to The Information

In one interview with Chinese media, Mr. Wang quoted ancient Chinese military strategist Sun Tzu to explain his method. “We didn’t beat them because we did something better. They lost because they ran out of patience and then made mistakes.”

--Shai Oster contributed to this article.

James Lloyd commented on this article.
Read comments from top tech and industry leaders
Joe Lonsdale
Joe Lonsdale
Founding Partner, Eight
Chamath Palihapitiya
Chamath Palihapitiya
Founder & Managing Partner, SocialCapital
Tina Sharkey
Tina Sharkey
CEO, Brandless
Jonah Peretti
Jonah Peretti
CEO, Buzzfeed
Adam D'Angelo
Adam D'Angelo
CEO, Quora
Brit Morin
Brit Morin
Founder & CEO, Brit + CO
Dustin Moskovitz
Dustin Moskovitz
Co-Founder, Asana
Christina Miller
Christina Miller
President & General Manager, Turner
Max Levchin
Max Levchin
CEO, Affirm
Adam Mosseri
Adam Mosseri
Director of Product, Facebook
Alex Mather
Alex Mather
The Athletic
Martha Josephson
Martha Josephson
Partner, Egon Zehnder
James Murdoch
James Murdoch
Co-Chief Operating Officer, 21st Century Fox
Andrew Kortina
Andrew Kortina
Founder, Venmo
Ben Chestnut
Ben Chestnut
Co-Founder & CEO, Mailchimp
Ruchi Sanghvi
Ruchi Sanghvi
VP Operations, Dropbox
Login or Subscribe to follow the discussions happening here and real-time in our   Slack Community.